Federal Perkins Loan Program Regulations and General Provision Regulations

Forms and Documents

Document Name	Status
NPRM072913e.pdf Supplementary Document	2013-07-30
Private Institutions Affected Party Information 1845-0019 v7.doc Supplementary Document	2013-04-17
For-Profit Institutions Affected Party Information 1845-0019 v7.doc Supplementary Document	2013-04-17
1845-0019 v 7 SuppStatment 06 27 13.docx Supporting Statement A	2013-06-27

IC Document Collections

IC ID	Document Title	Status
196067	Federal Perkins Loan Program Regulations and General Provision Regulations State, Local, Tribal Burden Other-rulemaking sections	Modified
196064	Federal Perkins Loan Program Regulations and General Provisions Individual amp; Household Burden Other-relemaking sections	Modified
182411	Federal Perkins Loan Program Regulations and General Provisions Private Sector Other-rulemaking sections	Modified

ICR Details

OMB Control No: 1845-0019	ICR Reference No: 201307-1845-003
Status: Historical Inactive	Previous ICR Reference No: 201302-1845-002
Agency/Subagency: ED/FSA	Agency Tracking No: 1400.16
Title: Federal Perkins Loan Program Regulations and General Provision Regulations
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Comment filed on proposed rule and continue	Conclusion Date: 09/10/2013
	Date Received in OIRA: 07/30/2013
Terms of Clearance: OMB files this comment in accordance with 5 CFR 1320.11( c ). This OMB action is not an approval to conduct or sponsor an information collection under the Paperwork Reduction Act of1995. This action has no effect on any current approvals. If OMB has assigned this ICR a new OMB Control Number, the OMB Control Number will not appear in the active inventory. For future submissions of this information collection, reference the OMB Control Number provided. Resubmit when proposed rule is finalized.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	10/31/2015	36 Months From Approved	10/31/2015
Responses	11,486,794	0	11,486,794
Time Burden (Hours)	6,208,288	0	6,208,288
Cost Burden (Dollars)	0	0	0

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Abstract: This request is for approval of the proposed reporting requirements that are contained in the Federal Perkins Loan Program regulations. Under the proposed regulations institutions, upon receipt of an enrollment report from the Secretary, would update all enrollment status information included in the report on the students listed. Because the Secretary already receives enrollment status information on students with Federal Perkins loans who also have Direct Loans or Federal Family Education Loans, the additional burden is limited to students whose only Title IV, The Higher Education Act of 1965, as amended (HEA) loan is a Federal Perkins loan. In addition, the proposed regulations would require schools to use the same eligibility criteria to define an eligible graduate fellowship program in the establishment of a graduate fellowship deferment. The borrower would be required to obtain a statement from an authorized official certifying that the borrower 1) holds at least a bachelor's degree and 2) the borrower's anticipated completion date of the graduate fellowship program. The information collection requirements are necessary to determine eligibility to receive program benefits and to prevent fraud and abuse of program funds.

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Authorizing Statute(s): US Code: 20 USC 1070 et seq. Name of Law: Higher Education Act of 1965, as amended
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
1840-AD12	Proposed rulemaking	78 FR 45617	07/29/2013

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Federal Register Notices & Comments

Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 3

IC Title	Form No.	Form Name
Federal Perkins Loan Program Regulations and General Provisions Private Sector
Federal Perkins Loan Program Regulations and General Provisions Individual amp; Household Burden
Federal Perkins Loan Program Regulations and General Provision Regulations State, Local, Tribal Burden

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Burden increases because of Program Change due to Agency Discretion: Yes

Burden Increase Due to: Changing Regulations

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: The proposed regulations would increase burden through program changes. The proposed regulations strengthen and clarify current regulations as well as establish new requirements for additional information from both borrowers and institutions for tracking purposes and to ensure program benefits are available to eligible borrowers.

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Annual Cost to Federal Government: $0

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? Uncollected

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Common Form ICR:  No

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On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).

The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(i) Why the information is being collected;

(ii) Use of information;

(iii) Burden estimate;

(iv) Nature of response (voluntary, required for a benefit, or mandatory);

(v) Nature and extent of confidentiality; and

(vi) Need to display currently valid OMB control number;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.

Certification Date: 07/30/2013

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